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  • Dat e Effects Account To Debited or Credited Book of Prime Entry

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    Noor asraf
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    1. The document lists 10 accounting transactions showing debits and credits to different accounts and the corresponding journal entries. 2. For each transaction, it shows the effects on accounts like cash, sales, inventory, expenses, etc. and which accounts are debited and credited along with the journal used for recording the entry. 3. The journal entries recorded the increases or decreases to different accounts for transactions like cash receipt, payment, purchase, sales return, and inventory adjustments.

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    Dmenora trading

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    1. The document lists 10 accounting transactions showing debits and credits to different accounts and the corresponding journal entries. 2. For each transaction, it shows the effects on accounts like cash, sales, inventory, expenses, etc. and which accounts are debited and credited along with the journal used for recording the entry. 3. The journal entries recorded the increases or decreases to different accounts for transactions like cash receipt, payment, purchase, sales return, and inventory adjustments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views1 page

    Dat e Effects Account To Debited or Credited Book of Prime Entry

    Uploaded by

    Noor asraf
    1. The document lists 10 accounting transactions showing debits and credits to different accounts and the corresponding journal entries. 2. For each transaction, it shows the effects on accounts like cash, sales, inventory, expenses, etc. and which accounts are debited and credited along with the journal used for recording the entry. 3. The journal entries recorded the increases or decreases to different accounts for transactions like cash receipt, payment, purchase, sales return, and inventory adjustments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Dat Effects Account to debited or credited Book of prime

    e entry
    1 Increase : Cash Debit : Cash RM10000 Cash receipt
    Increase : Sales Credit : Asset RM10000 journal
    2 Increase : Commision rcv Debit : Revenue RM400 Cash receipt
    Increase : Cash Credit : Asset RM 400 journal
    3 Decrease : Cash Debit : Owner Equity RM300 General Journal
    Decrease : Capital Credit : Cash RM300
    4 Increase : Cash Debit : cash RM2000 Cash receipt
    Decrease : Inventory Credit : Asset RM200 Journal
    5 Increase : Liabilities Debit : Asset RM7000 General Journal
    Increase : Equipment Credit : Creditor RM7000
    6 Increase : expenses Debit : expeneses RM100 Cash receipt
    Decrease : Cash Credit : Asset RM100 journal
    7 Increase : Liabilities Debit : Asset RM3000 Purchase
    Increase : Inventory Credit : Creditor RM3000 Journal
    8 Increase : Inventory Debit : Asset RM100 Returned
    Decrease : Cash Credit : Creditor RM100 Inward Journal
    9 decrease : Inventory Debit : Creditor RM5000 Sales Journal
    Increase : liabilities Credit : Asset RM5000
    10 Increase: Asset Debit: Creditor RM200 Returned
    Decrease: liabilities Credit: Asset RM200 Outward Journal

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